Important Tax Dates for 2018

This year most of us get a few extra days of time to prepare tax filing, thanks to a weekend and a holiday. But don't wait till the last minute! Take note of the key dates below that affect you, and make a plan now so tax time is a little easier.

Trader Tax Needs

Taxes are always a bit more challenging for active traders and investors. Here's what you need to prepare your trader tax reporting:

Active TradeLog Software subscription - with the software installed and kept up-to-date, just run TradeLog on your PC and follow any prompts to renew or update

Your broker trade history for all of 2017 and January of 2018 - TradeLog uses the trade history for calculating taxable gains/losses along with all required wash sale adjustments (based on taxpayer rules)

December 2017 Brokerage Statement for each account - you'll use this to verify your trade history in TradeLog

Broker 1099-B statement for each taxable account - this will also be used for reconciliation with TradeLog

Extension Return Due Dates:

Refund Timing:

The IRS expects to issue 90% of refunds in less than 21 days. However, there are certain situations that may require you to wait longer for your refund. Learn more at irs.gov.

Need help?

The TradeLog Support Team is ready to help. Check out our Support Center to review our guides and documentation, or to request support.

If you need professional help, such as a TradeLog Service Provider, contact them today to schedule your needs before they get booked up.

TIP: Some active traders elect to file an extension for more time. This allows more time if brokers make 1099-B amendments. And if they need TradeLog support the response time is faster after the April tax deadline. Of course, you'll need to estimate your taxes with your extension filing, you can use TradeLog to get an estimate by running draft reporting. Talk with your tax professional about your situation and options for filing an extension.

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Please note:
This information is provided only as a general guide and is not to be taken as official IRS instructions.
Cogenta Computing, Inc. does not make investment recommendations nor provide financial, tax or legal advice.
You are solely responsible for your investment and tax reporting decisions. Please consult your tax advisor or accountant to discuss your specific situation.